Is Chippewa Falls, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Chippewa Falls was a Seller's Market.
Key Takeaway
Chippewa Falls is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chippewa Falls, WI
How much do homes in Chippewa Falls, WI cost?
Median Sold Price
$307,616
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chippewa Falls have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Chippewa Falls was $307,616 in April 2024, down 6.8% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $147.5K | N/A |
| 2 Bedrooms | $240.9K | $205K | -14.9% |
| 3 Bedrooms | $305K | $291K | -4.6% |
| 4 Bedrooms | $373.4K | $399.9K | +7.1% |
| 5+ Bedrooms | $559.9K | $412K | -26.4% |
Summary: Chippewa Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.9%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 26.4%.
Median Sold Price Compared To Nearby Cities
| Lake Hallie | $359.9K | $350K | -2.8% |
| Chippewa Falls | $330K | $307.6K | -6.8% |
Housing Supply in Chippewa Falls, WI
How many homes are available in Chippewa Falls, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 129 | 159 | +23.3% |
Summary: The Chippewa Falls real estate market had 159 homes for sale in April 2024, a 23.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 27 | +42.1% |
| 3 Bedrooms | 51 | 55 | +7.8% |
| 4 Bedrooms | 38 | 56 | +47.4% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Chippewa Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 47.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chippewa Falls, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Chippewa Falls in April 2024, up by 52.9% month-over-month. Of the 26 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Chippewa Falls, WI
How long does it take to sell a home in Chippewa Falls, WI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chippewa Falls are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Chippewa Falls; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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